| 单词 | wealth effect |
| 释义 | wealth effect From Longman Business Dictionarywealth effectˈwealth efˌfect [singular]ECONOMICS the effect of share prices on spending. For example, when share prices are high, investors feel that they can afford to spend a lot of moneyAfter the stockmarket crash, pessimists cited the wealth effect to support forecasts of deep recession. → effect |
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